Brokerages expect Lexington Realty Trust (NYSE:LXP) to announce $94.17 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lexington Realty Trust’s earnings, with the highest sales estimate coming in at $101.92 million and the lowest estimate coming in at $87.90 million. Lexington Realty Trust posted sales of $102.17 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.8%. The firm is expected to announce its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Lexington Realty Trust will report full year sales of $400.88 million for the current financial year, with estimates ranging from $393.00 million to $412.37 million. For the next year, analysts expect that the company will post sales of $357.23 million, with estimates ranging from $315.90 million to $399.93 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Lexington Realty Trust.
Lexington Realty Trust (NYSE:LXP) last released its earnings results on Tuesday, November 6th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.16). Lexington Realty Trust had a return on equity of 19.03% and a net margin of 56.75%. The firm had revenue of $99.96 million for the quarter, compared to analyst estimates of $96.87 million. During the same period last year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year.
A number of research firms recently commented on LXP. Zacks Investment Research downgraded Lexington Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 16th. ValuEngine upgraded Lexington Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group reiterated a “hold” rating and set a $9.00 price target on shares of Lexington Realty Trust in a research report on Thursday, August 9th. Finally, Wells Fargo & Co upgraded Lexington Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $8.50 to $9.00 in a research report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Lexington Realty Trust currently has an average rating of “Hold” and a consensus target price of $8.60.
Shares of Lexington Realty Trust stock traded down $0.31 on Wednesday, reaching $8.49. 1,669,527 shares of the stock were exchanged, compared to its average volume of 1,128,415. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.44. Lexington Realty Trust has a twelve month low of $7.59 and a twelve month high of $10.45. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 3.84 and a beta of 0.92.
A number of hedge funds have recently made changes to their positions in LXP. Principal Financial Group Inc. raised its position in Lexington Realty Trust by 2.4% during the first quarter. Principal Financial Group Inc. now owns 1,682,892 shares of the real estate investment trust’s stock valued at $13,244,000 after acquiring an additional 39,669 shares in the last quarter. Aperio Group LLC raised its position in Lexington Realty Trust by 30.3% during the second quarter. Aperio Group LLC now owns 78,627 shares of the real estate investment trust’s stock valued at $686,000 after acquiring an additional 18,268 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Lexington Realty Trust during the second quarter valued at approximately $878,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Lexington Realty Trust by 10.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 228,243 shares of the real estate investment trust’s stock valued at $1,993,000 after acquiring an additional 22,265 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Lexington Realty Trust by 25.3% during the second quarter. First Trust Advisors LP now owns 278,073 shares of the real estate investment trust’s stock valued at $2,428,000 after acquiring an additional 56,226 shares in the last quarter. Institutional investors own 75.00% of the company’s stock.
Lexington Realty Trust Company Profile
Lexington Realty Trust (NYSE:LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
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